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Kaylis [27]
3 years ago
7

The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally accepted accounting prin

ciples. Required: 2. What is the specific citation that describes examples of circumstances under which an investment in debt is available to be sold and therefore should not be classified as held-to-maturity?
Business
1 answer:
kipiarov [429]3 years ago
4 0

Answer:

320 Investments—Debt and Equity Securities

10 Overall

25-4 Recognition

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Brandi, a sales trainee, watched as her sales supervisor chatted with a prospect's secretary in a very friendly manner. Brandi f
dusya [7]

Answer:

The correct option is (C)

Explanation:

One of the best traits of a good sales person is his ability to connect with people and seek important information related to their needs and attitude towards different products. They strike conversation informally with people to gain their confidence and build rapport.

Here, Brandi is confused as she feels it was not appropriate of her supervisor to talk to a prospect's secretary. However, she did not know that her supervisor chatted with the secretary in a friendly manner as secretaries spend most of their time with the boss and is well aware of his requirements. So, supervisor will be able to seek important information from her about the prospect that would help him convert it to sales.

7 0
3 years ago
During 2018, Skechers USA had Sales of $1,846.4, Gross profit of $818.8 million and Selling, General and Administration expenses
sveta [45]

Answer:

The answer is $1,027.6 million

Explanation:

Gross profit = Sales - Cost of Sales(cost of goods sold)

Gross profit = $818.8 million

Sales of $1,846.4 million.

To find Cost of Sales, we rearrange the formula to now be:

Sales - Gross profit

$1,846.4 million - $818.8 million

=$1,027.6 million

Therefore, Skechers' Cost of sales for 2018 is $1,027.6 million

4 0
3 years ago
To help developing countries expand their industrial base, some industrial countries have reduced tariffs on designated manufact
anzhelika [568]

Answer:

The correct answer is letter "B": generalized system of preferences.

Explanation:

Generalized System of Preferences or GSP is a set of preferential tariffs developed countries set to developing countries usually at a lower rate to boost the trade among those countries which mainly helps developing countries to increase the quality and number of their manufacturing companies.

3 0
3 years ago
Agree or disagree: taxing the Internet would discourage new technology investment and employment growth.
Nonamiya [84]

disagree it should be free to every one


3 0
3 years ago
Read 2 more answers
Crane Company makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budge
34kurt

Answer:

$22,050

Explanation:

The computation of the total budgeted variable selling and administrative expenses for October is shown below:

Sales Commission (9,000 × $0.60) $5,400  

Shipping (9,000 × $1.2) $10,800

Advertising (9,000 × 0.3) $2,700

Other (9,000 × .35) $3,150

Budgeted Variable Selling and admin expenses $22,050

We simply added all the variable selling and admin expenses so that the total could arrive

3 0
3 years ago
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